First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Shares Sold by World Equity Group Inc.

World Equity Group Inc. cut its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 13.1% in the fourth quarter, Holdings Channel reports. The fund owned 39,098 shares of the company’s stock after selling 5,894 shares during the period. World Equity Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $2,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $40,000. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $40,000. Eastern Bank acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $57,000. Blue Trust Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after purchasing an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Down 2.5 %

Shares of NASDAQ:RDVY opened at $61.25 on Friday. The business has a 50-day moving average price of $61.24 and a 200 day moving average price of $60.17. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 14.00 and a beta of 1.13. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $51.90 and a 12-month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.